0
General

Varjo secures USD 54 mln in Series C funding round, promotes Toikkanen to CEO

Monday 17 August 2020 | 12:44 CET | News
Finnish VR specialist Varjo closed a USD 54 million round of Series C funding, taking its total funds raised so far to just over USD 100 million. Tesi, NordicNinja, and Swisscanto Invest by Zurcher Kantonalbank are among the new investors contributing to the round, in addition to follow-on investment participation from existing investors including Lifeline Ventures, Atomico, EQT Ventures and Volvo Cars Tech Fund. The company also promoted president and COO, Timo Toikkanen, to the CEO role. Co-founder and previous CEO, Niko Eiden, will continue to drive the company's technological innovations

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Varjo
Countries: Finland / World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Lenovo distributes Varjo VR and XR headsets

Published 27 Oct 2020 13:11 CET | World
Lenovo said it has become a reseller of Finnish company Varjo's human eye-resolution Virtual Reality (VR) and Extended Reality ...

Vonage to power cloud software provider Spacely's VR products

Published 13 Aug 2020 10:35 CET | Japan
Vonage will power Japan-based virtual reality (VR) cloud software provider Spacely's 360-degree VR products over video. Spacely ...

KT to power Jin Air's in-flight VR service

Published 11 Aug 2020 15:54 CET | Korea, Republic of
KT will develop a virtual reality (VR) entertainment service for air passengers jointly with Jin Air Co and Hanjin Information ...

Yahoo Sports, NBA to bring sports entertainment to fans through VR

Published 31 Jul 2020 12:01 CET | United States
Yahoo Sports and the National Basketball Association (NBA) are joining forces to enhance the at-home fan experience with a ...

Elisa and Varjo demonstrate sharp VR with industrial applications at Slush

Published 27 Nov 2019 12:57 CET | Finland
Finnish operator Elisa said that it showcased a system by 5G Co-creation Challenge competitor Varjo at the Slush start-up fair in ...





Calendar   /   Industry Events

27 Nov Axiata Q3 2020
30 Nov Zoom Video Communications Q3 2020
30 Nov NexTV Series MENA
01 Dec Hewlett Packard Enterprise fiscal Q4
01 Dec 5G Italy
01 Dec NGON & DCI World
02 Dec FTTH Conference
02 Dec Microsoft AGM
02 Dec Telia EGM
03 Dec GCX fiscal Q2
03 Dec Marvell Technology fiscal Q3
03 Dec Liberty Latin America AGM
::: More Calendar Items